SB 935: ERS; DHRD; CLASS H, TIER 2 MEMBERS; VESTED BENEFIT STATUS; CREDITED SERVICE; BENEFITS; JUDGES; RETIREMENT ALLOWANCE

Amends the retirement allowance for a member who first earns credited service as a judge after 6/30/2031 to 1.75 per cent of the judge's average final compensation for each year of credited service as a judge.  Requires the Department of Human Resources Development to study the impacts and benefits of reducing, from 10 years to 5 years, the minimum number of years of credited service that qualified Class H, Tier 2 members of the Employees' Retirement System must have to be eligible for vested benefit status for service retirement allowance purposes.  (CD1)